Holger Zschaepitz on Twitter: "Good morning from Germany where Target2 claims resume the uptrend. Target2 claims of Bundesbank on the rest of the Eurosystem rose by €52bn in May, most since Nov,
![TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets](https://images.squarespace-cdn.com/content/v1/52cdc300e4b012a81d31c03d/1531058125251-BZ7BQHEDOAM7CFTT7K99/Target2+and+Securities+Holdings.png)
TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets
![Eurozone Target2 Economic Imbalances Soar, This Money Can't Be Paid Back - Mish Talk - Global Economic Trend Analysis Eurozone Target2 Economic Imbalances Soar, This Money Can't Be Paid Back - Mish Talk - Global Economic Trend Analysis](https://mishtalk.com/.image/t_share/MTk0MzMwOTU2Nzg0NDc3NzAx/target-2-balances-2022-10.png)
Eurozone Target2 Economic Imbalances Soar, This Money Can't Be Paid Back - Mish Talk - Global Economic Trend Analysis
![Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times](https://ftalphaville-cdn.ft.com/wp-content/uploads/2017/09/14194532/Target-2-balances-featured.png)
Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times
![TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets](https://images.squarespace-cdn.com/content/v1/52cdc300e4b012a81d31c03d/1531057882759-EX4DCWD1GF1159IMG9TN/Target2+Balances.png?format=1000w)
TARGET2 Balances Mask Reduced Financial Fragmentation in the Euro Area — Money, Banking and Financial Markets
![Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times](https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fftalphaville-cdn.ft.com%2Fwp-content%2Fuploads%2F2017%2F09%2F14194532%2FTarget-2-balances-featured.png?source=next-opengraph&fit=scale-down&width=900)
Target2 balances reflect euro area's potential to be better than traditional exchange rate peg regime | Financial Times
![Target balances and the risk of another “Reparations” problem | Money matters? Perspectives on Monetary Policy Target balances and the risk of another “Reparations” problem | Money matters? Perspectives on Monetary Policy](http://moneymatters-monetarypolicy.eu/wp-content/uploads/2013/07/Target-2-300x210_f_improf_640x448.png)